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Problem - The table below shows the revenue and costs for a monopolist.
Monopolist Revenue and Costs
Price (dollars)
Quantity Demanded
Marginal Revenue (dollars)
Marginal Cost (dollars)
Average Total Cost (dollars)
$130
200
$110
$25
$139.00
120
300
90
32
103.30
110
400
70
40
87.50
100
500
50
80.00
600
30
62
77.00
80
700
10
77
What is the monopolist's profit at the profit-maximizing level of output?
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